GDP

Serbia’s Consumer Spending Strengthens as Real Wages and Retail Sales Rise

Household demand became a significant contributor to Serbia’s economic expansion in the first half of 2026, supported by stronger real wages, retail turnover and private consumption. Retail sales increased 7.1% in real terms in January-June compared with the same period a year earlier. Growth remained strong in the second quarter, when retail turnover rose 5.7% year on year. Retail Sales Expand Across Major Categories Fuel retailing recorded 7.6% real growth in the second quarter, while sales of non-food products increased…